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WTI Crude Oil, Elliot Wave Analysis

4/10/2023 11:01 AM

Growth is possible.

On the daily chart, the first wave of the higher level (1) formed, a downward correction ended as the second wave (2), within which the wave C of (2) developed. Now, the third wave (3) is forming, within which the wave i of 1 of (3) is developing. If the assumption is correct, the asset will grow to the area of 86.50–93.60. In this scenario, critical stop loss level is 70.90.





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